Bulk Report – Week 38
Capesize
A mixed week for the big ships with unfulfilled expectations. Rates on the West Australia/China route failed to hold and dropped to $7.20 for...
Asia Coal Demand Drives Panamax Rates Up 7.5%
Baltic Dry Index is at 1450 points, 7% higher than the previous week.
Stringent inspections in China is making generators purchase from foreign...
New Mini-Bulker Pool Created
The NovaAlgoma Short Sea Carriers a NASC), a joint venture of Algoma Central Corporation and Nova Marine Holdings SA, and Peter Döhle Schiffahrts-KG (PDS)...
International Seaways to Install Scrubbers
International Seaways, one of the largest tanker companies worldwide providing energy transportation services for crude oil, petroleum products and liquefied natural gas (“LNG”), today...
Maersk Implements New Guidelines on Dangerous Goods Stowage
After a thorough review of current safety practices and policies in the storage of dangerous cargo, Maersk has now completed implementation of new guidelines...
Bridge Collapsed Into Canal Following Allision
On September 26, a vessel allided with a bridge located on the Van Starkenborgh Canal resulting in the bridge collapsing into the Canal.
What happened?
The vessel...
Carriers’ Low-sulphur Fuel Surcharges may be ‘Blatant Profiteering’, Says BIFA
The British International Freight Association calls Maersk surcharge pricing ‘unjustified’ and ‘blatant profiteering’.
The cost of shipping will increase by $480-$840 on the...
[Watch] Barge Crushed Motor Yacht
Watch a pleasure yacht being crushed by the "Xanthos", on the Amsterdam-Rhine-Canal near Breukelen.
To watch the...
USA: Potential Fines for Crew Onshore
Crewmembers not to be sent ashore before the arriving vessel is cleared by CBP.
CBP reminds
Attorneys Murphy, Rogers & Sloss in New Orleans have advised...
It’s a Kort Nozzle
A fixed, annular forward extending duct around the propeller. The propeller operates with a small gap between blade tips and the nozzle internal wall,...
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APLICATIONS
Berge Bulk Buys Two More Capes
Cape prices have been firming over the past week as have rates.
Healthy activity in both basins saw capesize average earnings up 13%...
